The Philippines could jeopardize the US portion of its business processing outsourcing (BPO) market—amounting to 75% of the $23-billion sector—if the gaps in the country’s cybersecurity capacity remain unaddressed, a report by the USAID has shown.
The Philippines could jeopardize the US portion of its business processing outsourcing market—amounting to 75% percent of the $23-billion sector—if the gaps in the country’s cybersecurity capacity remain unaddressed, a report by the United States Agency for International Development has shown.
“The nations that do not respond well to the wave of cyber-crime will at best stagnate their BPO markets, and will at worst, lose their BPO market share to other nations that prioritize cybersecurity,” it said.The study found there is a global shortage of cybersecurity professionals, the situation is even “more acute in developing countries where technical talent gaps are the largest.”
Another problem for the Philippines is that "cybersecurity job roles and responsibilities are not defined clearly at a national level," with the DICT noting that the country's cybersecurity sector is still in its "infancy."
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